The electric vehicle battery recycling market is forecasted to grow by USD 3594 bn during 2023-2028, accelerating at a CAGR of 47.13% during the forecast period. The report on the electric vehicle battery recycling market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing adoption of electric vehicles, rise in demand for zero-emission vehicles, and active role of government in electric vehicle industry.
Technavio's electric vehicle battery recycling market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
38.25%
CAGR
47.13%
Incremental Value
$3594 bn
By Source
Production scrap
End of life
By Vehicle Type
Passenger cars
Commercial vehicles
By Geographical Landscape
APAC
Europe
North America
South America
Middle East and Africa
This study identifies the widening lithium supply-demand gap as one of the prime reasons driving the electric vehicle battery recycling market growth during the next few years. Also, rising demand for recycled products and materials and increased use of lithium-ion batteries in defense automobiles and device will lead to sizable demand in the market.
The report on the electric vehicle battery recycling market covers the following areas:
Electric vehicle battery recycling market sizing
Electric vehicle battery recycling market forecast
Electric vehicle battery recycling market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric vehicle battery recycling market vendors that include Accurec Recycling GmbH, Amaron Batteries, Andritz AG, Aqua Metals Inc., Battery Solutions LLC, Call2Recycle Inc., Camel Group Co. Ltd., Contemporary Amperex Technology Co. Ltd., Duesenfeld GmbH, Eco-Bat Technologies Ltd., EnerSys, Exxon Mobil Corp., Ganfeng Lithium Group Co., Ltd, GEM Co. Ltd., Li Cycle Holdings Corp., Nikkei Inc., RecycLiCo Battery Materials Inc., Saubermacher Dienstleistungs AG, SNAM Groupe, and Umicore SA. Also, the electric vehicle battery recycling market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Source
Executive Summary - Chart on Market Segmentation by Vehicle Type
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ billion)
Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Electric Vehicle Battery Recycling Market 2018 - 2022
Historic Market Size - Data Table on Global Electric Vehicle Battery Recycling Market 2018 - 2022 ($ billion)